• Prof. L.UdayaKumar
• Samuel Richard Edwin

Ethical behaviour and corporate social responsibility can bring significant benefits to a business. The idea that business enterprises have some responsibilities to society beyond that of making profits for shareholders has been around for centuries. This partly accounts for the reason why the concept of Corporate Social Responsibility (CSR) has continued to grow in importance and significance. One of the core beliefs is that business organizations have a social and ethical responsibility, as well as, the economic mission of creating value for shareholders or owners of businesses . Whereas, the economic responsibilities of a business are to produce goods and services that society needs and wants at a price that can perpetuate the continuing existence of the business, and also satisfy its obligations to investors; ethical responsibilities are those behaviours or activities expected of businesses by society and other stakeholders such as employees. This thesis seeks to answer the following: What do the business community and organizations get out of CSR and ethical behavior? That is, how do they benefit tangibly from engaging in CSR policies, activities and ethical practices? This work seeks to articulate what social responsibility and ethics means, and why it makes good business sense to integrate the two concepts into strategic decisions, policies and practices of businesses. Business ethical behaviour and how ethics can be integrated into corporations for mutual benefits. Some of the forces relating to CSR and how CSR can be integrated into sustainable business strategies. In next to follow, we review the literature on CSR and business ethics to put the study in perspective. We first explore the concepts of business ethics and CSR; and the relevant stakeholder groups involved. This is followed by the methodology through which data was collected to illuminate the research. Then we present our findings, discussions and conclusions. Ethics is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behaviour The field of ethics, along with aesthetics, concerns matters of value; these fields comprise the branch of philosophy called axiology. Ethics seeks to resolve questions of human morality by defining concepts such as good and evil, right and wrong, virtue and vice, justice and crime. As a field of intellectual inquiry moral philosophy is related to the fields of moral psychology, descriptive ethics, and value theory. Three major areas of study within ethics recognized today are: Meta-ethics, concerning the theoretical meaning and reference of moral propositions, and how their truth values (if any) can be determined. Normative ethics, concerning the practical means of determining a moral course of action. Applied ethics, concerning what a person is obligated (or permitted) to do in a specific situation or a particular domain of action. Business ethics comes under the applied ethics which deals all aspects of professional ethics.

CORPORATE SOCIAL RESPONSIBILITY IN BUSINESS ETHICS: A PHILOSOPHICAL UNDERSTANDING

"CORPORATE SOCIAL RESPONSIBILITY IN BUSINESS ETHICS: A PHILOSOPHICAL UNDERSTANDING", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 6, page no.1847-1852, June-2020, Available :http://www.jetir.org/papers/JETIR2006593.pdf

"CORPORATE SOCIAL RESPONSIBILITY IN BUSINESS ETHICS: A PHILOSOPHICAL UNDERSTANDING", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 6, page no. pp1847-1852, June-2020, Available at : http://www.jetir.org/papers/JETIR2006593.pdf